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Westport Fuel Systems (WPRT)
NASDAQ:WPRT
RESEARCH TOOLSreports
Earnings Data
Report Date
May 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.28Last Year’s EPS
-0.79Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 31, 2025
|% Change Since: -23.83%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Neutral
Westport Fuel Systems is undergoing significant changes, including a strategic divestment of its light-duty business, which is expected to improve financial strength and allow a concentrated focus on its core heavy-duty and industrial segments. Despite positive developments in margins, EBITDA, and operational cash flow, the company experienced a decline in overall revenue and faces liquidity challenges that need addressing.Company Guidance
In Westport's Q4 and fiscal year 2024 conference call, CEO Dan Sceli and CFO Bill Larkin outlined significant financial developments and strategic shifts. The company's revenue for the full year was $302.3 million, marking a 9% decrease from the previous year, primarily due to the HPDI revenue being redirected to Cespira. However, they reported improvements in gross margin, which increased to $57.6 million or 19% of revenue, up from $48.9 million or 15% the previous year. Adjusted EBITDA losses were reduced significantly from $21.5 million in 2023 to $11.2 million in 2024. The company achieved positive net cash from operations for the first time, with $7.2 million generated. A notable transaction was announced for the divestment of their light-duty business valued at $75.1 million, expected to enhance financial robustness and focus on growth in hard-to-decarbonize segments such as long-haul heavy-duty transport. The transaction is anticipated to close by the end of Q2 2025, subject to shareholder approval. This strategic move aims to streamline operations and align the company towards opportunities in HPDI technology and high-pressure controls, with a focus on expanding the addressable market in mobile and industrial applications.Improved Margins and EBITDA
Gross margin increased to $14.3 million or 19% of revenue in Q4 2024, up from $8 million or 9% in Q4 2023. Adjusted EBITDA loss improved to $1.8 million in Q4 2024 from a $10.9 million loss in Q4 2023.
Positive Cash Flow from Operations
For the first time, Westport generated positive net cash from operations with $7.2 million in 2024.
Divestment of Light-Duty Business
Westport announced a transaction valued at $75.1 million to divest its light-duty business, which is expected to strengthen the balance sheet and allow a focused strategy on heavy-duty transport and industrial segments.
Growth in European Customer Sales
An increase in sales to established European customers helped improve margins.
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WPRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WPRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 31, 2025 | $3.86 | $3.71 | -3.89% |
| Nov 12, 2024 | $4.12 | $4.00 | -2.91% |
| Aug 13, 2024 | $5.64 | $5.60 | -0.71% |
| May 08, 2024 | $5.93 | $5.60 | -5.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Westport Fuel Systems (WPRT) report earnings?
Westport Fuel Systems (WPRT) is schdueled to report earning on May 02, 2025, TBA Not Confirmed.
What is Westport Fuel Systems (WPRT) earnings time?
Westport Fuel Systems (WPRT) earnings time is at May 02, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WPRT EPS forecast?
WPRT EPS forecast for the fiscal quarter 2025 (Q1) is -0.28.
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